A former financial institution government has simply pleaded responsible to stealing a whole lot of 1000’s of {dollars} from her employer.
Amy Jo Reid stole $411,923 when she was working as a senior vp and the director of buying for an unnamed financial institution in Inexperienced Bay, Wisconsin, in accordance with court docket paperwork obtained by Fox11.
Reid dedicated the fraud scheme utilizing bank-sponsored bank cards, often called “buy playing cards” or “p-cards” that have been meant for bank-related purchases. As an alternative, Reid charged private bills on p-cards and faked paperwork to make it appear to be they have been bank-related bills from about Could 2018 to Could 2024.
“As a part of her scheme, Reid nominally adopted this process to hide her illegal actions when she repeatedly charged private bills to p-cards, together with flights, lodge reservations, and rental vehicles for herself and her household, her residential property taxes, flood remediation at her residence, on line casino playing, and Amazon purchases.
To perform the scheme and keep away from detection, Reid submitted doctored receipts that disguised the acquisition in some materials means as a work-related expense, and different occasions she submitted no receipt however made materially deceptive statements that it was a work-related expense.”
Reid has pleaded responsible to three fraud fees. She additionally agreed to pay $411,923 in restitution to the financial institution.
Every cost carries as much as 30 years in jail and a $1 million most superb.
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